TLDR
- TRON Stock Falls 10% Despite Nasdaq Debut and $100M Reverse Merger Buzz
- TRON Drops on First Day Trading as Blockchain Pivot Faces Market Doubts
- TRON Slides on Nasdaq Debut Despite Justin Sun and Token Treasury Push
- TRON Stock Tumbles After Reverse Merger IPO and TVL Dip to $5.7 Billion
- Market Snubs TRON Debut: Stock Dives as Blockchain Shift Fails to Impress
Tron Inc. (TRON) shares dropped 10% to $8.85 as of 12:42 PM EDT despite strong Nasdaq debut hype.
The sharp decline came after Tron’s reverse merger IPO and a bell-ringing ceremony led by Justin Sun in Times Square. Market response remained negative even as Tron Inc. attempted to spotlight its blockchain transition and token holdings.
TRON Stock Sinks on Nasdaq Debut
TRON officially began trading on the Nasdaq under the ticker “TRON” after merging with SRM Entertainment. This backdoor listing followed a $100 million reverse merger aimed at accelerating its public market entry. However, TRON stock immediately faced downward pressure in early trading sessions.
🔗 From entertainment to blockchain innovation.
📈 Tron Inc. (formerly SRM Entertainment) is now officially #NasdaqListed under its new name, pioneering blockchain-integrated treasury strategies.
🔔 Congrats on this milestone, $TRON! pic.twitter.com/OAn8Lp3pW0
— Nasdaq Exchange (@NasdaqExchange) July 24, 2025
Though the company celebrated its market debut at Nasdaq MarketSite, shares of TRON fell nearly 5% in the morning alone. Despite high visibility and fanfare surrounding the event, market participants responded with hesitation. TRON had positioned the listing as a strategic shift into blockchain-driven growth.
Tron Inc. integrated over 356 million TRX tokens into its treasury during the merger, anchoring its new business model. The firm announced Justin Sun’s appointment as global advisor to guide the blockchain expansion strategy. While TRON stock carried high expectations, selling pressure continued throughout Thursday.
Total Value Locked Slips Amid Token and Stock Moves
Tron Inc. also reported a $136 million decline in Total Value Locked (TVL), falling from $5.847 billion to $5.711 billion. This drop occurred as TRON transitioned into blockchain-integrated treasury operations and announced public trading. Despite the strategic transformation, the lower TVL signaled reduced token activity on the network.
The TVL contraction coincided with a 2% decline in the TRX token, which slipped to $0.309 during Thursday’s session. TRON relies heavily on TRX holdings as part of its capital strategy and public identity. Nonetheless, the token still maintains nearly 130% gains year-to-date.
Retail sentiment around TRX shifted from neutral to bearish, reflecting waning confidence in short-term performance. TRON remains the largest public holder of TRX, making token trends closely tied to its market performance. As the company emphasizes blockchain treasury management, both stock and token face direct market scrutiny.
Reverse Merger Reshapes Company Identity
Tron Inc. (TRON), formerly known as SRM Entertainment, has rebranded and redirected its corporate mission toward blockchain finance and innovation. The company now combines its legacy in themed entertainment merchandise with a digital asset-focused treasury model. Through this merger, Tron Inc. gained instant access to capital markets without a traditional IPO.
The reverse merger approach allowed the private Tron blockchain entity to go public by acquiring SRM, a listed firm. This method sidestepped longer IPO processes and established a Nasdaq presence for Tron Inc. Despite this efficiency, market participants appeared unconvinced on day one.
The company retains a business unit that designs custom merchandise for top entertainment brands including Disney, Universal and Six Flags. Tron Inc. aims to balance physical product sales with crypto-centric treasury innovation. Yet, the falling TRON stock price now challenges its dual-market strategy from the outset.
